THE AVIATION COMMUNITY HAS VOICED ITS OPINION. THANK YOU FOR YOUR VOTES!
This was not a voting with any outcome we knew we wanted. Both options have their advantages and challenges for us. But it was important for us to understand the real sentiments among active participants of the aviation market. Because for us these are the people who are called policy makers.
According to the results of two weeks of voting, the number of those who oppose the removal of articles from the https://blacklist.aero/ site turned out to be twice as high as those who would like the articles to be removed after the case itself is closed. Apparently, the fact that articles on BLACKLIST.AERO only appear on truly egregious cases of non-payment or fraud that outrage not only us, the Registry administration, but also more readers, plays a significant role here.
Well, the aviation community has spoken and BLACKLIST.AERO administration intends to follow the wishes of aviation market participants. We are also very grateful for the professional discussion and suggestions that were expressed in the comments to the voting.
We intend to follow the advice that received the most support and subsequently intend to mark all articles where cases have been successfully resolved with SETTLED AND CLOSED. As with the cases themselves, this will be done 90 days after the CASE HAS BEEN RESOLVED notification from a claimant is received.
On behalf of the BLACKLIST.AERO team, I would like to express my sincere gratitude to everyone who participated in the voting and expressed their opinion. Together with you we are the driving force that really changes the situation with debts and fraud in aviation for the better!
Related article: https://blacklist.aero/news/6819d180fa21649076c6756a
A criminal investigation has been opened into suspected fraud involving the management of SIA Smartlynx Airlines and the alleged fictitious sale of the airline to a new owner. BLACKLIST.AERO learned this information from a source familiar with the investigation. The case was initiated after a complaint was filed with the police by one of the creditors. It is also possible that additional complaints have been submitted by other defrauded counterparties of Smartlynx.
Over the past week, investment analysts from companies holding Avia Solutions Group (ASG) bonds have contacted me twice, asking for a more detailed explanation of the SmartLynx bankruptcy. Their biggest concern is that the same situation could repeat with other companies within the ASG holding.
The covert bankruptcy—legally framed as a “restructuring”—of SIA SmartLynx Airlines (Latvia), along with the highly probable collapse of SmartLynx Malta and SmartLynx Estonia in the near future, has become more than just a landmark event for the aviation market. Its consequences may amount to a full-fledged default tsunami, triggering a cascade of multimillion-euro non-payments across the industry.
Every time I fly to Dubai for exhibitions, I witness the same scene outside the hotels. A Bugatti or Lamborghini pulls up to the entrance, the chauffeur steps out, and hands the wheel to someone walking out of the lobby. It looks predictable — after all, Dubai is exactly the place where many people dream of cruising down Sheikh Zayed Road in a hypercar, showing off status and wealth.
